1 2 3 12

< Previous  

Page 1 of 12

The UK economy – is the perfect storm brewing?

There is no doubt that the long-term impact of COVID 19 on the UK economy is uncertain.

However, one thing we can say for sure is that uncertainty never bodes well for an economy.

Over the past few months, the UK government has announced numerous measures to try to protect jobs and people’s incomes, including; bounce back loans, CBIL, furlough, business rates grants, deferral of VAT and income tax payments, reduction in residential stamp duty and Eat Out to Help Out.

Whilst these …

READ MORE    >

Posted by: / Corporate Recovery & Insolvency / 0 comments

The Positive Side of Insolvency

Is insolvency all bad?  

As a participant at a recent online event, I was asked to link my business ‘offering’ to the fast-approaching festive season.

Not an easy task when people usually consider the insolvency process to be the very antithesis of Christmas cheer.

Having resisted the temptation to compare myself with Scrooge, the question did get me thinking: Where circumstances make it inevitable, can a positive spin be put on the insolvency process?

I believe that you can and here’s why:

1) Directors …

READ MORE    >

Posted by: / Corporate Recovery & Insolvency / 0 comments

Eat Out To Help Out – Business Review

The end of August marked the culmination of Chancellor Rishi Sunak’s popular Eat out to Help Out scheme. Despite the misery caused by COVID-19, one of the few high points of recent months arrived in the form of the government-sponsored, half-price meal scheme. 

The scheme, which gave diners 50% of meals up to a maximum of £10, undoubtedly tempted many people back into restaurants after lockdown came to an end. Over 84,000 eateries signed up to the scheme, with an estimated …

READ MORE    >

Posted by: / Press / 0 comments

Waves of Zombie Companies ‘Inevitable’ This Autumn

According to research by the BBC, the rate of firms going bust slowed during lockdown as the government’s £160bn support package managed to keep businesses afloat.

However, with many government schemes now coming to an end, experts are warning that zombie companies are on the brink heading into the autumn.

Steven Mason, licenced insolvency practitioner at Inquesta, explains that: “Zombie companies are basically businesses that exist on a day-to-day basis, but have no way of paying off their debts or finding a …

READ MORE    >

Posted by: / Corporate Recovery & Insolvency / 0 comments

‘Outside the Box’ Capital Gains Tax Review

Significant news emerged this week of a letter from Rishi
Sunak to the Office of Tax Simplification requesting a review of how capital
gains are taxed ‘for both individual and smaller businesses’.

Despite being referred to as ‘standard practice’, concern is
growing that the exercise may usher in radical changes as the government seeks
to recover a £300 billion shortfall in public expenditure caused by the
coronavirus crisis.

Capital Gains Tax (CGT) is a tax on the profit when you sell
something that has increased in value. The …

READ MORE    >

Posted by: / Corporate Recovery & Insolvency / 0 comments

1 2 3 12

< Previous  

Page 1 of 12